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- cost, as well evidenced in other comments here. The hyperscalers are orders of magnitude more expensive than dedicated hosting or using collocation providers.

- lock in, all the hyper scalers want to sell you value add services that make it hard or impossible to move away.

- concentration risk, hyper scale providers are a well understood target for malign actors. It’s true they are better protected than most.

- complexity, if you think about how little time the hyperscalers have been operating in comparison with corporate IT they have created huge technical debt in the race to match features.



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